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Full-Text Articles in Law

Why Didn’T Subprime Investors Demand A (Much Larger) Lemons Premium?, Claire A. Hill Apr 2011

Why Didn’T Subprime Investors Demand A (Much Larger) Lemons Premium?, Claire A. Hill

Law and Contemporary Problems

The subprime crisis would never have occurred had investors not been such enthusiastic consumers of subprime securities. The investors now say, somewhat self-servingly (but probably correctly), that they did not understand the securities -- securities for which they were willing to pay very high prices. Investors' willingness to purchase these securities on terms that were favorable to the sellers, and unfavorable to them, presents a considerable puzzle. Investors do not want to miss out on the next big thing.


The Impact Of State Anti-Predatory Lending Laws On The Foreclosure Crisis, Alan White, Carolina Reid, Lei Ding, Roberto G. Quercia Jan 2011

The Impact Of State Anti-Predatory Lending Laws On The Foreclosure Crisis, Alan White, Carolina Reid, Lei Ding, Roberto G. Quercia

Cornell Journal of Law and Public Policy

No abstract provided.